Traders and shopkeepers in Tirupur staged a district-wide strike against hikes in property tax, 18% GST on commercial properties, and increased electricity tariffs. Around one lakh shops, including textile, grocery, and jewellery stores, closed for the day, supported by 2,000 knitwear firms, resulting in INR 100 crore in business losses and INR 25 crore in lost tax revenue. Protests spanned key areas, with black flags displayed and political parties like AIADMK, BJP, and Left groups showing solidarity. The strike underscores traders' frustrations over rising costs and highlights the economic impact on businesses and government revenue, pressuring policymakers to reconsider.Read more
Fortune Hotels has entered southern India's textile powerhouse Tiruppur. The all-new Fortune Park Tiruppur, strategically nestled in the heart of the knitwear hub, is Fortune’s sixth in Tamil Nadu, amplifying the brand's presence in the region. The hotel epitomizes modern luxury, offering stylish rooms, eclectic dining experiences, and rejuvenating wellness facilities. Managed by KPK Hotels Private Limited, this alliance bridges Fortune's luxury hospitality with KPK's regional expertise. Fortune had recently unveiled two hotels in Tamil Nadu, and another one in Aligarh, Uttar Pradesh, as part of its expansion spree.Read more
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